Markel Group Inc. $MKL Shares Sold by National Pension Service

Key Points

• National Pension Service cut its Markel Group stake by 87.5% in the second quarter, selling 18,054 shares and retaining 2,573 shares valued at approximately $5.03 million.
• Institutional investors own 77.12% of Markel’s stock, while several smaller investment firms recently established new positions.
• Analyst sentiment remains mixed, with one Buy, four Hold, and one Sell rating; the consensus rating is Hold, with a target price of $2,025 versus the stock’s reported $1,784.51 price.

National Pension Service lessened its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 87.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,573 shares of the insurance provider's stock after selling 18,054 shares during the period. National Pension Service's holdings in Markel Group were worth $5,025,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Fideuram Asset Management Ireland dac acquired a new position in Markel Group during the 4th quarter valued at about $26,000. Reflection Asset Management acquired a new stake in Markel Group in the fourth quarter worth about $26,000. Measured Wealth Private Client Group LLC acquired a new stake in Markel Group in the third quarter worth about $29,000. Pin Oak Investment Advisors Inc. purchased a new stake in shares of Markel Group during the second quarter worth about $31,000. Finally, Basepoint Wealth LLC purchased a new stake in shares of Markel Group during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 77.12% of the company's stock.

Markel Group Stock Up 0.2%

Shares of MKL stock opened at $1,784.51 on Friday. Markel Group Inc. has a fifty-two week low of $1,719.41 and a fifty-two week high of $2,207.59. The firm has a market capitalization of $22.11 billion, a PE ratio of 9.81 and a beta of 0.65. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.63 and a current ratio of 0.63. The stock's 50-day simple moving average is $1,879.43 and its 200-day simple moving average is $1,893.90.

Analysts Set New Price Targets

Several brokerages recently commented on MKL. Wall Street Zen raised shares of Markel Group from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. Wolfe Research started coverage on shares of Markel Group in a research report on Wednesday, July 1st. They set an "underperform" rating on the stock. Finally, Weiss Ratings upgraded shares of Markel Group from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, August 17th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $2,025.00.

Markel Group Profile

Markel Group Inc is a diversified financial holding company headquartered in Glen Allen, Virginia. Its principal business is specialty insurance, including commercial and personal lines, excess and surplus lines, professional liability, marine, workers' compensation, and other niche coverage. The company also provides reinsurance and insurance-related services through subsidiaries and underwriting platforms.

Markel serves customers and business partners in the United States and international markets, including the United Kingdom, Europe, Canada, Asia-Pacific and other regions.

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